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-   -   First posting (https://www.askmehelpdesk.com/showthread.php?t=35981)

  • Oct 5, 2006, 06:33 PM
    RunnerUK
    First posting
    Hi,

    This is my 2nd week of accounting and up until today, I thought I was doing OK!

    I have to prepare a trial balance, which I understand about.The problem is that the dr and cr will not balance.

    Account Titles
    1) Stockholders invested $25000 in exchange for common stock
    2) Paid rent $800
    3) Bought supplies on account for 1500
    4) Billed client $900 for services
    5)Received $500 cash advance for services
    6) Received $1500 for services completed
    7) Paid salary $1500
    8) Paid $600 for accounts payable due.

    I did the general journal entries and the ledger entries. When I try to balance the trial balance, it will not balance!!

    Any advice would be greatly appreciated.

    Thank you.
  • Oct 5, 2006, 08:07 PM
    RunnerUK
    Thank you for reading this posting, but I have figured it out.

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